North America

A new venture capital investment firm targeting private technology companies is deploying a multi-directional strategy that it hopes will make money from start-ups that are overvalued as well those on the rise.

The Japanese currency continues to slide as traders anticipate interest-rate movement in the US, but even the Fed's hawkish tilt does not guarantee that this direction of travel will be sustained.

Bank of America’s global and Asia-Pacific heads of receivables tell Euromoney how their artificial intelligence-powered intelligent receivables service has slashed client-matching error rates.

Andrew Cohen, executive chairman of JPMorgan Private Bank, talks to Euromoney about the war for talent, why diversity and inclusion have never mattered more, and what markets the private bank has in its sights.

Intense competition for assets means that risk is being mispriced.

JPMorgan Chase can be a winner in global digital retail banking according to Sanoke Viswanathan, the bank’s head of international consumer growth. With European expansion starting in the UK under the Chase brand and growth in Latin America through a stake in Brazil’s C6, Viswanathan insists his firm is in this for the long haul.

A lawyer with a specialism in helping Chinese companies to float in the US is among the cast of characters working on Donald Trump’s Spac.

Citi hopes to gain an edge in the highly competitive – and lucrative – securities services market by teaming up with data cloud company Snowflake to improve information flows across transactions.

Analysts press chief executive Jane Fraser on why returning capital to shareholders isn’t a higher priority given the returns gap to peers and Citi’s low stock price.

Speakers at the IIF’s annual meetings play down worries over inflation, even as they recognise the short-term disruptions of the pandemic.

JPMorgan’s chief executive packs just as much of a punch online as in person.

The only way banks can fully embrace the blockchain technology now transforming finance is by dealing in cryptos.

Global investors shrug off Evergrande’s woes and welcome a new link to China’s onshore bond market.

Derivatives could turbocharge environmental, social and governance markets, with a related boost to bank revenues. However, they could also make it harder to monitor exposure.

President Joe Biden’s next round of regulatory nominations might make this year’s surge of regional bank M&A short lived.

Adewale Ogunleye was rich and already retired from American Football when he learned what a basis point was. He’s now head of a new UBS wealth segment called Athletes & Entertainers that helps sports icons and singers plan their financial future.

Neobanks are targeting less wealthy people in both developed and developing markets – a constituency that has traditionally been neglected by incumbent banks because of legacy costs. But it’s an increasingly political issue and where does this leave people who still need access to cash and branches?

Appetite for emerging market risk is much lower in the wake of Covid-19 than it was after the global financial crisis. This is the result of a mix of technical and fundamental factors, but it is primarily driven by the spectre of the emerging markets’ Achilles heel: inflation.

Kevin Sneader’s next move has been widely discussed since it became clear he would serve only one term as global managing partner at McKinsey. Now that he has turned up at Goldman, it seems a logical move.

The US bank has launched the next generation of its global virtual account management solution to clients in the UK, Ireland and the Netherlands.

The latest strategic move by Citizens aims to help it meet its goal of servicing bigger clients with more products.

While big banks and institutional investors spent years trying to bend blockchain for use in traditional finance, they missed out on the boom in crypto prices and the income from decentralized finance. Now, alarmed by stretched valuations and zero yields in conventional markets, they just want in. The race is on to build a sturdy infrastructure to support the stream of old money into new digital assets that could become a flood.

As fintechs approach 10% of the banking and payments universe, the pioneer venture investor and founder of Capital One says banks must learn to partner with them or begin to lose ground.

Barclays wants to be compared with the big five US investment banks. So let’s do that.

The big six US banks are releasing the loan loss reserves they built up in the pandemic. Where might this end? The answer could be surprising.

There’s a clear role model for US-Japan tie-ups in New York investment banking. Can the new partnership between Jefferies and SMBC follow it?

Beijing made clear this week that it is determined to stop its firms from selling shares in New York. A simultaneous crackdown on ride-hailing firm Didi also offers a timely reminder to global investors that China is no longer committed to market reforms but to ideology and sovereignty in the Xi Jinping era.

New platforms that underwrite and process invoices due from large creditworthy payers may encourage bank and institutional financing for small and medium-sized enterprises.

That distant sound is the warning bell as bond investors’ desperate search for yield leads them down ever-risker paths.

Banks received a mostly clean bill of health from the Federal Reserve’s latest stress tests. After a catastrophe like Covid, does that mean the sector is now safe?